ArticMine
Legendary
 Offline
Activity: 2282
Merit: 1050
Monero Core Team
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June 21, 2013, 02:58:53 AM |
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I was wondering: why would anyone set up a wall on 99.80, when there is no almost depth till 90? I'd say there might be a dumping round 2 on Bitstamp.
But it's strange. If those were goxcoins, why would they take such a high price difference? Or was cashing out via gox never intended at all and high rollers knew already, that they have to use another exchange? Well okay, they didn't buy at 114.48 and sold at 90 of course - it's something inbetween and maybe not that huge difference at all.
But it's all speculation..
I suspect a panic by weak hands holding MTGox USD not the high rollers. Hence the dump on Bitstamp. |
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420
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June 21, 2013, 02:59:59 AM |
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can someone show me a copy of the gox official announcement
I stopped using gox months ago
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ChartBuddy
Legendary
Offline
Activity: 2366
Merit: 1820
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 21, 2013, 03:00:38 AM |
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nmersulypnem
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June 21, 2013, 03:12:50 AM |
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I was wondering: why would anyone set up a wall on 99.80, when there is no almost depth till 90? I'd say there might be a dumping round 2 on Bitstamp.
But it's strange. If those were goxcoins, why would they take such a high price difference? Or was cashing out via gox never intended at all and high rollers knew already, that they have to use another exchange? Well okay, they didn't buy at 114.48 and sold at 90 of course - it's something inbetween and maybe not that huge difference at all.
But it's all speculation..
I suspect a panic by weak hands holding MTGox USD not the high rollers. Hence the dump on Bitstamp. Agreed, but dumps on bitstamp need to be in proportion to MtGox buy-ups for that thesis to make sense. We've only seen a handful of buy-ups and dumps. If MtGox stays stable (as it is), I wouldn't expect prices to go down on bitstamp. |
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Frozenlock
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June 21, 2013, 03:27:47 AM |
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2500 BTC buy! Holy slippage batman!
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FNG
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June 21, 2013, 03:31:38 AM |
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Woke up and accessed clark moody about 800 into that huge buy. Todays going to be a good day lol  |
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chriswilmer
Legendary
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Activity: 1008
Merit: 1000
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June 21, 2013, 03:32:09 AM |
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More than a $10 USD difference between Bitstamp and Mt.Gox... I mean, I get the press release and all... but that doesn't seem like a sufficient reason. Especially for people who have a lot of USD on Mt.Gox, you'd think they would be fine with waiting a few weeks for the issue to resolve... (which I think it will)
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2013, 03:38:54 AM |
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More than a $10 USD difference between Bitstamp and Mt.Gox... I mean, I get the press release and all... but that doesn't seem like a sufficient reason. Especially for people who have a lot of USD on Mt.Gox, you'd think they would be fine with waiting a few weeks for the issue to resolve... (which I think it will)
how often has "coming in 2 weeks" turned into a full year with bitcoin related things? poeple that NEED the USD best be getting the F out |
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hmmmstrange
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June 21, 2013, 03:39:26 AM |
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More than a $10 USD difference between Bitstamp and Mt.Gox... I mean, I get the press release and all... but that doesn't seem like a sufficient reason. Especially for people who have a lot of USD on Mt.Gox, you'd think they would be fine with waiting a few weeks for the issue to resolve... (which I think it will)
"Money I can't afford to lose" aside, I wouldn't even risk "money i don't want to lose" by holding cash at Gox. Gox has never release their strategy for holding cash. We have no idea if it includes segregated accounts or how much has been frozen in the US bank seizure. Taking a 20% loss now is much better then taking a 100% loss tomorrow. |
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ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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June 21, 2013, 03:40:15 AM |
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More than a $10 USD difference between Bitstamp and Mt.Gox... I mean, I get the press release and all... but that doesn't seem like a sufficient reason. Especially for people who have a lot of USD on Mt.Gox, you'd think they would be fine with waiting a few weeks for the issue to resolve... (which I think it will)
If they believe: 1) That MtGox is in trouble and that their MTGox USD will become worthless or only a few cents on the dollar 2) That (1) above will cause the BTC / USD exchange rate to plunge. Then it makes a lot of sense to take up to a 20% loss by buying on MTGox and then selling on BitStamp. |
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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June 21, 2013, 03:40:22 AM |
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See ya later bitstamp.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2013, 03:40:34 AM |
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ding ding ding! |
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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June 21, 2013, 03:40:54 AM |
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Finally some good action. |
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thef
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June 21, 2013, 03:41:06 AM |
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What is going on at mtgox?  |
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Frozenlock
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June 21, 2013, 03:41:10 AM |
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Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
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SGExodus
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June 21, 2013, 03:42:26 AM |
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Some big impatient big buy at $115 .. weird.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2013, 03:42:32 AM |
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Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
do it! and then wait 5 business days b4 selling  |
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Frozenlock
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June 21, 2013, 03:43:19 AM |
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Ok now I'm really tempted to buy at Bitstamp and sell at MtGox.
do it! and then wait 5 business days b4 selling Wait for the panic buy to stop? No thanks! |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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June 21, 2013, 03:44:07 AM |
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Some big impatient big buy at $115 .. weird.
Just a whale trying to push us up over the downward trend line. |
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